CNI Q2 2021 Earnings Report — Canadian National Railway Company Revenue & Financial Results | Market Cap Arena

Canadian National Railway CompanyCNI

Q2 2021 Earnings

Reported June 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$2.6B	$2.6B	$2.3B	1.8%	12.1%
Op. Income	$1.0B	$970M	$574M	4.1%	76.1%
Gross Margin	42.0%	38.0%	43.3%	3.9pp	-1.3pp
Net Margin	28.8%	27.6%	17.0%	1.2pp	11.8pp
EPS (Diluted)	$1.07	$1.00	$0.56	6.6%	89.6%
Free Cash Flow	$545M	$395M	$762M	38.1%	-28.5%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$72M
SG&A Expenses	-$72M
Other Expenses	$165M
Operating Expenses	$94M
Cost & Expenses	$1.6B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$115M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$246M
Net Income from Continuing Ops	$757M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$757M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$757M
D&A	$297M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$72M
SG&A Expenses	-$72M
Other Expenses	$165M
Operating Expenses	$94M
Cost & Expenses	$1.6B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$115M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$246M
Net Income from Continuing Ops	$757M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$757M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$757M
D&A	$297M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$756M
Depreciation & Amortization	$297M
Stock-Based Compensation	$0
Deferred Income Tax	$72M
Other Non-Cash Items	-$12M
Change in Working Capital	-$34M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$533M
Acquisitions (Net)	-$664M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$658M
Common Stock Repurchased	-$105M
Common Dividends Paid	-$319M
Other Financing Activities	-$77M
NET CASH FROM FINANCING	$157M
FREE CASH FLOW	$545M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$416M
Short-Term Investments	$0
Net Receivables	$891M
Inventory	$466M
Other Current Assets	$667M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$29.5B
Goodwill	$0
Intangible Assets	$335M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$31.3B
TOTAL ASSETS	$33.8B
Account Payables	$1.4B
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$115M
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$8.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7.1B
TOTAL NON-CURRENT LIABILITIES	$16.2B
TOTAL LIABILITIES	$18.9B
Common Stock	$2.7B
Additional Paid-In Capital	$277M
Retained Earnings	$14.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.9B
Minority Interest	$0
TOTAL EQUITY	$14.9B
TOTAL LIABILITIES & EQUITY	$33.8B
Total Debt	$10.3B
Net Debt	$9.9B